Tag "bankruptcy"
Back to homepageBankruptcy Series: Cities on a future spending spree
Editor’s Note: This is the eighth in a CalWatchDog.com Special Series of in-depth articles on municipal bankruptcy. Nov. 9, 2012 By Wayne Lusvardi Are the staggering forecasted public pension obligations facing state and local governments in California the result of overspending or
Read MoreMoody’s warns of mass Calif. municipal bankruptcies
Aug. 18, 2012 By Chriss Street The klaxon horn went off Friday evening for California municipal bondholders when Moody’s Investors Services issued a report stating that the plummeting financial condition of many California counties, cities, school districts and other government
Read MoreCalif. default risk turns Gov. Brown into a capitalist
Aug. 2, 2012 By Chriss Street There is nothing like the threat of insolvency and a downgrade to junk bond status to motivate traditionally liberal politicians to abandon the environmentalists who heavily fund their campaigns. Last week, Gov. Jerry Brown
Read MoreBankruptcy: Report warned of San Bernardino fiscal foolishness
July 27, 2012 By Tori Richards SAN BERNARDINO — Five years before San Bernardino became California’s third city seeking bankruptcy protection in 2012, a 266-page management analysis report warned of dire repercussions if changes weren’t made that would cut costs
Read MoreCA chickens coming home to roost
July 23, 2012 Katy Grimes: A fourth California city is on the verge of bankruptcy. What a surprise. Yawn. The news that Compton is about to file for federal bankruptcy protection is not surprising. But news that Santa Monica may also
Read MoreOfficials’ foolishness slams cities
July 23, 2012 By Steven Greenhut SACRAMENTO — First, Vallejo, in 2008. Next, Stockton, then Mammoth Lakes and, now, San Bernardino and soon, perhaps, Compton. As Orange County Supervisor John Moorlach told Bloomberg News, the bankruptcy dominoes are starting to
Read MoreSalaries, mistakes slammed San Bernardino into bankruptcy
July 20, 2012 By Tori Richards SAN BERNARDINO — The bankrupt city of San Bernardino has displayed its shortcomings in a 54-page report that outlines myriad areas where ineptitude has placed them in a position where they cannot meet payroll
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Video: California after the bankruptcies
July 15, 2012 By John Seiler For those of you who don’t live in California, here’s a short documentary on what life really is like here now after the recent spate of bankruptcies:
Read MoreFirst pensions, and now bankruptcy tsunami
July 12, 2012 By Steven Greenhut First Vallejo, then Stockton, then Mammoth Lakes and now San Bernardino. As Orange County Supervisor John Moorlach told Bloomberg News, the bankruptcy dominoes are starting to fall. One California city after another — following
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